Running Head : LEADERSHIP AND TEAM BUILDING, NameInstitution : Summary and My ViewsEconomist Milton Friedman , who win the 1976 Nobel Prize in Economics was correct to assert that companies master(prenominal) determination was to increase proceeds According to Friedman , achieving amplification maximise finale immorals that individual firms have successfully agreeable stakeholder groups (Friedman , 1962 . The firms , therefore , do not convey to participate in corporate neighborly responsibility programs as claimed by advocates . This is in consideration that for companies to maximize profit and probably become the respective industry attracter , they have to provide high lumber products , function and competitive snip purlieu for all stakeholders to sense satisfied . so , such firms must have been around effi cient in meeting consumer needs by providing high quality products and services which resulted to competitors products being ignored . Secondly employees of profit increase firms atomic number 18 most likely to enjoy depressed working environment and therefore put extra run in their work stations .
These firms suppliers are in addition sort out as enjoying mutually beneficial relationship and therefore their proceed military control with profit maximizing companies . Governments at all levels are also a satisfied lot because maximized meshing mean squeamish tax revenuesDespite the above evidence , profit maximizing firms need to undertake social re! sponsibility programs because of the public bears the be of the meshwork . This is in consideration that the companies achieve high profits by aggressive means that leave members of the society worse-off . For event , suppliers of profit maximizing firms are sometimes forced to...If you fatality to receive a full essay, order it on our website:
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